Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Monday July 19, with nickel and tin the standout performers, driven higher by supply disruptions.United States 10-year treasury yields continue to trend lower, despite inflationary pressures in the countryBase metalsLME three-month base metals prices were mixed this morning, with nickel up by...Read More
Ports' operations in South Africa's KwaZulu-Natal have slightly improved, while cobalt hydroxide market participants wait for a clearer direction, sources told Fastmarkets.Ports and terminal operations in Durban and Richard Bay in KwaZula-Natal, South Africa have slowly begun to normalize while the country has prioritized recovery after recent civil unrest. Most participants held watchful attitude...Read More
Australia-listed Vulcan Energy has signed a binding offtake agreement to supply South Korea's LG Energy Solution (LGES) with battery grade lithium hydroxide from it's 'zero carbon' facility in Germany, the producer said on Monday July 19.Vulcan will supply battery-grade lithium hydroxide to LGES for an initial five-year term. Commercial deliveries are set to commence in 2025 and there is an option...Read More
Here are five Fastmarkets stories you might have missed on Monday July 19 that are worth another look.European steel association Eurofer is demanding stronger carbon emissions measures to guarantee a balanced approach that will enable a decarbonization of the region's steel industry, it said on Thursday July 15.Read More
Activity in the EU hot-rolled coil market in the week to Friday July 16 was low due to a seasonal demand slowdown and limited availability.Buyers were holding back from acquiring material due to the summer holiday slowdown and uncertainty about the price trend. Domestic prices have remained high despite a slight correction lower while buyers, who have sufficient stocks for a couple of months, pref...Read More
Market activity in the European Union's hot-rolled coil sector has been limited due to the seasonal slowdown and long lead times, sources told Fastmarkets on Monday July 19.In addition to seasonal factors, buyers have shown limited interest in acquiring flat steel due to sufficient stocks and long lead times from domestic and overseas suppliers.Credit lines for buyers have also been exhausted over...Read More
Here are five Fastmarkets stories you might have missed on Monday July 19 that are worth another look.European steel association Eurofer is demanding stronger carbon emissions measures to guarantee a balanced approach that will enable a decarbonization of the region's steel industry, it said on Thursday July 15.Read More
European steel association Eurofer is demanding stronger carbon emissions measures to guarantee a balanced approach that will enable a decarbonization of the region's steel industry, it said on Thursday July 15.On July 14, the European Commission adopted a package of proposals to make the EU's climate, energy, land use, transport and taxation policies fit to meet its greenhouse gas emissions targe...Read More
Domestic steel rebar prices in Russia's Central Federal District around Moscow remained flat in the week to July 19 due to slower trading activity, sources told Fastmarkets.August rebar offer from key local suppliers to the region were broadly unchanged from July levels, despite an anticipated downward correction due toa temporary export duty on steel products in Russia starting August...Read More
Here are five Fastmarkets stories you might have missed on Monday July 19 that are worth another look.European steel association Eurofer is demanding stronger carbon emissions measures to guarantee a balanced approach that will enable a decarbonization of the region's steel industry, it said on Thursday July 15.Read More
The pig iron import market in the United States was slow during the week to Friday July 16 because buyers held sufficient stocks and were waiting for prices to be reduced.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $625-645 per tonne on Friday, down from $650-655 per tonne a week before."Both Russia and Ukraine have unsold cargoes for August shipment and later....Read More
Inland dry ports will be constructed to facilitate bulk material transport and to improve air quality, according to a notice released by Handan Ecology and Environment Bureau (HEEB) on Monday July 19.HEEB released a notice on forwarding the Work Plan of Hebei province Atmospheric Pollution Control 2021, where the Leading Group of Hebei province Atmospheric Pollution Control proposed to construct i...Read More
Here are five Fastmarkets stories you might have missed on Monday July 19 that are worth another look.European steel association Eurofer is demanding stronger carbon emissions measures to guarantee a balanced approach that will enable a decarbonization of the region's steel industry, it said on Thursday July 15.Read More
Slab export prices from the Commonwealth of Independent States (CIS) continued to decline in the week to Monday July 19, amid falling finished flat steel values in the region's main destination markets.In Turkey, hot-rolled coil prices dropped in the week to Friday July 16 on low activity in the key export outlets for that product. Fastmarkets' weekly price assessment for steel HRC, export, f...Read More
Steel billet buyers across Asia are facing a raft of expensive offers following frenetic buying activity among Chinese customers last week, sources told Fastmarkets on Monday July 19.Buying prices for steel billet in China climbed throughout last week on expectations that many mills would need to reduce output in the second half of the year, because China's authorities were targeting 2021 steel pr...Read More
Several steelmakers in China stopped issuing export offers this week, while others sharply increased their offer prices to overseas buyers, suggesting that the Chinese government's desire to see production cuts is starting to have an impact.Steel mills, including Shandong Iron & Steel and Yingkou Medium Plate Co, have issued no export offers this week, with limited availability forcing them to pri...Read More
Coal exports from Australia's Queensland state fell 2% year on year in June, according to data from the North Queensland Bulk Ports Corp and Gladstone Ports Corp.Queensland, the country's metallurgical coal hub, exported 18.02 million tonnes of coal - including some thermal coal - in June, down from 18.43 million tonnes shipped in June 2020, according to the latest data from the two port operators...Read More
Brazilian steel producers have accepted a reduction of 10% in import duties, and agreed to avoid raising domestic prices further, according to the country's economy minister, Paulo Guedes.The government has been in talks with representatives of steel producers, the country's construction industry and other end users. They are discussing options to normalize supply of rebar and other steel products...Read More
Here are five Fastmarkets stories you might have missed on Monday July 19 that are worth another look.European steel association Eurofer is demanding stronger carbon emissions measures to guarantee a balanced approach that will enable a decarbonization of the region's steel industry, it said on Thursday July 15.Read More
The latest data for the global manganese ore market for the week ended July 19, 2021.Read More